Category: Capital Market/Banking

Seplat Explains $3b 5-Year Growth Agenda
September 20, 2025 No Responses

Seplat Explains $3b 5-Year Growth Agenda

SEPLAT Energy Plc has unveiled a five-year roadmap to boost production capacity by 50 per cent between 2026 and 2030.Chief Executive Officer, Roger Brown, disclosed this in a statement on Friday, following the firm’s successful acquisition of Mobil Producing Nigeria...
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DMO Allots N3.05b FGN Bond
September 16, 2025 No Responses

DMO Allots N3.05b FGN Bond

The Debt Management Office (DMO) has announced the allotment of the September 2025 FGN Savings Bonds totaling ₦3.05 billion across the two-year and three-year tenors.The bonds were issued at ₦1,000 per unit, with a minimum subscription requirement of ₦5,...
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SEC Harps On Gradual Implementation Of ISSB Standards
September 15, 2025 No Responses

SEC Harps On Gradual Implementation Of ISSB Standards

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has disclosed that the Commission is considering a gradual implementation of the global sustainability disclosure standards developed by the International Organisation o...
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FIRS, CBN, NEXIM, UBA, NDIC Back 2025 FICAN Conference
September 12, 2025 No Responses

FIRS, CBN, NEXIM, UBA, NDIC Back 2025 FICAN Conference

The 2025 Conference of the Finance Correspondents Association of Nigeria (FICAN) has received strong backing from key financial institutions and regulators, underscoring its significance as a platform for shaping discourse on Nigeria’s digital economy.Among ...
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Wema Bank Completes N150b Rights Issue, Secures SEC, CBN Approval
September 12, 2025 No Responses

Wema Bank Completes N150b Rights Issue, Secures SEC, CBN Approval

WEMA Bank Plc has completed its N150 billion Rights Issue, securing approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).In a statement on Thursday, the bank explained that the Rights Issue, which opened on...
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CBN Projects $1b Diaspora Reserve
September 10, 2025 No Responses

CBN Projects $1b Diaspora Reserve

The Central Bank of Nigeria (CBN) is targeting a diaspora reserve of $1billion by 2026.Dr Olayemi Cardoso, the Governor of CBN, said this at the 18th Annual Banking and Finance Conference organised by the Chartered Institute of Bankers of Nigeria...
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Freight Forwarders Petition Minister Over Alleged First Bank’s Persistent System Downtime
September 6, 2025 No Responses

Freight Forwarders Petition Minister Over Alleged First Bank’s Persistent System Downtime

The Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has petitioned the Minister of Finance, Wale Edun, over what it described as a crippling and persistent system downtime at First Bank of Nigeria that has paralyzed dut...
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Stock Market Investors Trade N90.3b Equities In Four Days
September 6, 2025 No Responses

Stock Market Investors Trade N90.3b Equities In Four Days

Stock market investors traded 3.117 billion shares worth N90.295 billion in 118,018 transactions on the Exchange during the week just ended.This compares with 3.199 billion shares valued at N85.399 billion exchanged last week in 142,477 deals.Consequently, the...
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CSCS Hosts Webinar On Nigeria’s Transition To T+2 Settlement Cycle
September 3, 2025 No Responses

CSCS Hosts Webinar On Nigeria’s Transition To T+2 Settlement Cycle

Central Securities Clearing System Plc, (CSCS) has concluded plans to host a significant webinar titled “Advancing Market Efficiency through T+2 Settlement” as part of industry-wide engagement ahead of Nigeria’s transition to the T+2 Settlement cycle.The...
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BPE To List DisCos, GenCo On Stock Market
September 3, 2025 6 Responses

BPE To List DisCos, GenCo On Stock Market

The Bureau of Public Enterprises (BPE) has announced plans to list two electricity Distribution Companies (DisCos) and one Generation Company (GenCo) on the Nigerian Stock Exchange through an Initial Public Offering (IPO).BPE Director-General, Mr Ayodeji Gbele...
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GTCO Increases GTBank’s Paid-Up Capital To ₦504b
August 30, 2025 5 Responses

GTCO Increases GTBank’s Paid-Up Capital To ₦504b

Guaranty Trust Holding Company Plc, on Friday announced that it has increased its investment in its wholly owned Banking subsidiary, Guaranty Trust Bank Limited (GTBank) to ₦504 billion through a rights issue subscription for 6,994,050,290 ordinary shares of...
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Stock Market Sustains Growth, Attains N203b Gain
August 27, 2025 No Responses

Stock Market Sustains Growth, Attains N203b Gain

The Nigerian stock market continued on a positive note on Tuesday, recording N203 billion gain.The market activity was driven by demand for equities such as NCR Nigeria, Berger Paints, Beta Glass, Cadbury and 23 other stocks.Specifically, the Nigerian Exchange...
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Afriland Properties Shareholders Get N178.6m Interim Dividend
August 26, 2025 one Response

Afriland Properties Shareholders Get N178.6m Interim Dividend

For the half-year ended June 30, AFRILAND Properties Plc has paid an interim dividend of 13 kobo per share to it’s shareholders, amounting to N178.6 million.Speaking on the development, Mr Emmanuel Nnorom, Chairman of the Board, said, “The interim divi...
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Senate, SEC To Hold Summit On Municipal Bonds, Sukuk
August 18, 2025 No Responses

Senate, SEC To Hold Summit On Municipal Bonds, Sukuk

The Senate Committee on Capital Markets and Institutions in collaboration with the Securities and Exchange Commission is set to hold a national stakeholders summit on Municipal Bonds and Sukuk for Local Government Infrastructural Development in Uyo, Akwa Ibon ...
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